tomo logo

$885,000

Beds
5
Baths
2.5
sq ft
3,250

16861 Valley Spring Dr, Riverside, CA 92503

16861 Valley Spring Dr

Riverside, CA 92503

  • 40 days on market
Discover family living and entertaining at its finest in this 3,250 SqFt Executive Home in Lake Hills Reserve located a short walk away from the community center. Boasting 5 bedrooms, including TWO GROUND-FLOOR BEDROOMS and 2.75 baths. The desirable layout features formal living and dining rooms with soaring cathedral ceilings, bathed in natural light. The family room, warmed by a fireplace, flows into a chef’s kitchen with granite counters, a tile backsplash, a pantry, and a spacious island. Upstairs, enjoy a versatile loft, two additional bedrooms, and a spacious primary suite with its own private balcony. With ceramic tile and laminate wood flooring throughout, this home is designed for comfort and style. The exclusive community of Lake Hills Reserve offers its residents an ideal mountaintop locale removed from city life, yet close to Riverside’s many cultural and educational amenities and near all the shopping attractions! In addition to the hiking, stunning sunsets, the quiet, and panoramic mountaintop views in this patrol-guarded community, residents enjoy a private residents club including a swimming pool, playground, park, an open-air fireplace pavilion, and the HIGHLY rated Lake Hills Elementary School. This is an ideal location for commuters as the 91 FWY &Metro-link are both VERY close by. Are you ready for the Lake Hills Reserve lifestyle…?

Details

Property type

Single Family Residence

Est. home value

$808,857

Lot size

6,098 sq ft

Price per sq ft

$273

Year built

2007

Monthly HOA fee

$185

Price History

01/16/2025
CRMLS

CRMLS #OC25010452

Listed
$885,000
-1.54%
10/17/2024
CRMLS

CRMLS #OC24141974

Removed
$898,800
07/11/2024
CRMLS

CRMLS #OC24141974

Listed
$898,800

Schools & Community

Elementary school: 

Lake Hills

Middle school: 

Unknown

High school: 

Hillcrest

Community features: 

Pool, Curbs, Street Lights, Suburban, Sidewalks

High school district: 

Alvord Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$350,305
Asking price
$885,000
Closing costs (~8% of asking)
-$70,800
Est. remaining loan balance
-$463,895
Cash to seller
$350,305

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

January 2020

Original loan amount

$520,029

Est. remaining balance

$463,895

Interest rate

3.68%

Loan type

VA, 29 year

Seller

Michael Paul Newman and Marilyn Notarte Newman

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/25/2025 at 10:05 AM

Listing updated: 02/12/2025 at 1:25 PM

Listed by: Chris Taylor, Keller Williams Realty Phone #: (714) 861-5500

MLS: CRMLS #OC25010452

CRMLS logo

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